Nexa Resources ( (NEXA) ) has released its Q4 earnings. Here is a breakdown of the information Nexa Resources presented to its investors.
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Nexa Resources, a significant player in the mining and smelting sector, primarily focuses on zinc production with operations extending across several countries. The company has recently announced its financial results for the fourth quarter and full year of 2024, highlighting a net loss but significant achievements in operational performance.
In 2024, Nexa reported a net loss of $187 million despite achieving a historically high adjusted EBITDA of $714 million. The company highlighted improvements in operational performance and financial management, including positive cash flow generation and gross debt reduction. Strategic moves such as the approval of the Cerro Pasco Integration Project and investment in additional tailings filtration at Aripuanã were key milestones.
Financially, Nexa’s revenues increased by 8% to $2.77 billion, driven by higher metal prices and increased sales volumes. Despite a net loss, the adjusted EBITDA rose by 76% compared to the previous year, due to higher by-product contributions, favorable foreign exchange variations, and strategic cost reductions. The company also managed to lower its net debt leverage ratio to below 2.0x.
Looking forward, Nexa remains cautiously optimistic, acknowledging global market complexities but confident in the robust fundamentals of its primary metals, especially zinc. The company plans to continue focusing on operational discipline, financial prudence, and strategic growth while maintaining a commitment to safety and sustainability.
